ACRE swings to Q2 2026 profit with $4.4M GAAP net income, declares $0.15 dividend
ACRE is trading near its 52-week low of $4.05 (5.9% above the low) on elevated volume (2.7× avg).
Summary
Ares Commercial Real Estate Corp posted Q2 2026 net income of $4.4 million and Distributable Earnings of $6.9 million, declared a $0.15 dividend, and highlighted progress in reducing office loan exposure.
Key Events · Earnings and Guidance · ACRE
-
Q2 2026 Net Income of $4.4M
GAAP net income reached $4.4 million, or $0.08 per diluted share, a sharp turnaround from the $9.6 million loss recorded in Q1 2026.
-
Distributable Earnings of $6.9M
Non-GAAP Distributable Earnings came in at $6.9 million, or $0.12 per share, covering only a portion of the $0.15 quarterly dividend.
-
Dividend Declared at $0.15
The board declared a third-quarter 2026 dividend of $0.15 per share, maintaining the payout even though earnings do not fully cover it.
-
CECL Reserve at $139M
The current expected credit loss reserve stands at $139 million, representing 8% of loans held for investment and concentrated in risk-rated 4 and 5 loans.
Analysis · ACRE · Real Estate & Construction
A return to profitability marks Ares Commercial Real Estate's second quarter of 2026, with GAAP net income reaching $4.4 million, or $0.08 per share, reversing a prior-quarter loss. Distributable Earnings—a critical gauge of dividend coverage—totaled $6.9 million, or $0.12 per share, providing only partial cover for the $0.15 dividend. The company continues to manage its risk-rated 4 and 5 loans, and a $139 million CECL reserve still weighs on book value. While $130 million in new loan commitments signals ongoing portfolio repositioning, the dividend remains vulnerable unless earnings rebuild further.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1666 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ACRE was trading at $4.29 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $235.8M. The 52-week trading range was $4.05 to $5.89. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.